Can Ltd company A lend money to another Ltd company B with no shared directors? Company B will pay interest to Company A. Company B can provide a charge for Company A.
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No, there is no reason why your property company can’t borrow money from your friend’s IT company.
The point that you seem to be missing is -
If that company needed/wanted to borrow from a bank to purchase property could it? If the answer is yes, then there is no reason why it could not borrow from any other lender instead. (Unless for example it is an old company with a Memorandum that very unusually prohibited such borrowing).
Again, unless there is any constitutional document that prevents the company from lending money it can do whatever it wants with its surplus cash. Whether there might be tax implications for the shareholders of the lending company, as alluded to below, is another matter.
As an aside - not that it should change the analysis - you have been inconsistent with the facts:
"Can Ltd company A lend money to another Ltd company B with no shared directors?"
"I am a director in both these companies"
You do need to be careful with your questions and answers because each time you post something it has a slightly different meaning. Now, for example, you are talking about *you* borrowing from your friend's company. Before it was *your property company* doing the borrowing.
How do you expect to have consistent replies when you are inconsistent with your postings?
Whilst it may be done the lender's directors/ shareholders ought to consider possible ER issues re the shares in the lender if such a loan is made, this may be of no concern, may make no difference to ER status of the lender's shares but taking action blind is usually not a good idea.
Accordingly professional input is advisable.
Entrepreneurs Relief- a potentially lower rate of capital gains tax were the shareholders in the lender to sell their shares in same.
But see below re "trading companies" and then the following page re HMRC's take on things.
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg64055
You might also want to involve a lawyer to ensure that the loan is properly documented. In particular, you should consider the repayment terms, whether either party can require early repayment, and what happens if the borrower cannot meet the repayments.
Borrowing/lending money between friends is a sure way for ending a friendship, especially if the 'what-ifs' are not considered before they happen.